Apollon Wealth Management LLC Increases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Apollon Wealth Management LLC increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 245.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,559 shares of the industrial products company’s stock after acquiring an additional 5,371 shares during the period. Apollon Wealth Management LLC’s holdings in Stanley Black & Decker were worth $607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $36,000. Crews Bank & Trust purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $49,000. R Squared Ltd purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $54,000. Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker during the third quarter valued at about $59,000. Finally, Sunbelt Securities Inc. boosted its position in Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after buying an additional 513 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Price Performance

SWK stock opened at $85.33 on Thursday. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a market cap of $13.15 billion, a P/E ratio of 43.98, a PEG ratio of 1.87 and a beta of 1.24. The firm has a 50-day moving average of $83.83 and a 200 day moving average of $93.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.